Business Cycle Index:
Yesterdays release of New Houses for Sale and Sold increased in June over the revised May figure, and a further reduction of the continues unemployment claims and the strengthening S&P 500 boosted the BCI.
The BCI at 156.8 is up from last week’s revised 156.2 and BCIg halted its downward path and is at 19.5 the same as last weeks revised figure.
The BCI does not signal imminent recessionary trends.
Leave a Reply
You must be logged in to post a comment.